Latest Headlines – Page 273
-
Article
Nike suspends Sharapova deal after drug scandal, Head persists
Nike has suspended its sponsorship contract with Maria Sharapova after the Russian tennis star player announced on March 7 that she had failed a drug test at the Australian Open in January. Sharapova, who is no longer the No. 1 player in the world but is still the world's highest-paid ...
-
Article
Helen of Troy gobbles up Hydro Flask
The outdoor sports market continues to be an appetizing target for acquisitions, and its hydration segment is particularly juicy at the moment. After the takeover of Cool Gear by Igloo Products, of Camelbak by the new Vista Outdoor group and of Sigg Switzerland by a Chinese maker of vacuum bottles ...
-
Article
Hilly socks expand internationally
The Hilly brand of technical running socks has been launched in the North American market this year, as part of an international sales drive for the U.K. brand. Its distribution is handled by the North American sales force for Bridgedale, the brand of outdoor and winter sports socks belonging to ...
-
Article
Reima launches innovative kid’s items, opens stores in China
Reima, the Finnish brand of children's apparel, has developed what it claims is the first wearable technology for children, called ReimaGO, together with Suunto, the Finnish brand of outdoor instruments belonging to Amer Sports.ReimaGO measures movement and rewards kids for being active. The wearable movement sensor, mobile app and clothing ...
-
Article
Strong progress at Basicnet
The parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands has reported a 17.2 percent increase in its aggregated revenues to €731 million in 2015, according to preliminary figures. The strong increase was partly related to the weakness of the euro, which also boosted the company's pre-tax ...
-
Article
Asics targets ¥750 billion sales in 2020
While unveiling its financial performance for last year, Asics outlined a five-year plan targeting sales of 750 billion Japanese yen (€6,070.0m-$6,686.2m) in 2020, which would amount to an increase of about 75 percent compared with the Japanese company's turnover last year.The running category alone is budgeted to generate sales of ...
-
Article
Europe drives sales expansion at Asics
Asics saw its sales advance by 10.5 percent on an adjusted basis to 428.5 billion Japanese yen (€3,465.3m-$3,820.3m) last year, with strong underlying expansion in Europe, but the Japanese company's profit margin was affected by exchange rates.The adjusted basis refers to the fact that Asics changed its financial year, so ...
-
Article
Mizuno grows by 7.5% in nine months
Mizuno Corporation's sales in Europe, the Middle East and Africa (EMEA) improved by 7.5 percent for the nine months until the end of December, with robust sales of running and indoor sports shoes, but the progress stopped in the last three months of the year. The rise contributed to an ...
-
Article
Shimano's 2015 sales jump on weak yen
Shimano saw its net income soar by 48.7 percent to ¥76,222 million (€608.2m-$677.1m) in 2015 compared with 2014. However, it was down by 25.1 percent on the previous year when including foreign currency translation adjustments, and the outlook for this year is not so good.In a summary of its 2015 ...
-
Article
Rapala's sales stable despite challenging conditions
Rapala VMC, the world's largest manufacturer of fishing lures, has posted stable results for 2015 despite the strong U.S. dollar, an economic slowdown in Russia and the loss of a distribution business in the U.S.Fourth-quarter net sales were down by 6 percent in constant currencies over the same period in ...
-
Article
Good momentum and big goals for Tecnica
Tecnica Group appears to rebound. Preliminary figures indicate that the Italian company reached a sales increase of around 10 percent to about €330 million in 2015, thanks mainly to the introduction of new products. The estimates excludes the Dolomite brand, which was sold to Scott Sports Group in November 2015.The ...
-
Article
Skechers is driven by international sales
Sales grew by 27 percent to $722.7 million in the fourth quarter of 2015 for Skechers USA, leading to a 34.3 percent increase in net earnings to $29.5 million for the period. However, the company indicated that it had an increase of only about 8 percent in its wholesale revenues ...
-
Article
Adidas wins key court case against Skechers
The federal district court of Portland, Oregon has issued a preliminary injunction against Skechers USA, ordering the company to stop selling its Onix, Relaxed Fit Cross Court TR and Supernova running shoes, saying that Adidas would otherwise suffer irreparable damage. Skechers pointed out that it had already discontinued sales of ...
-
Article
Burton announces promotions in marketing and product
Burton has announced a series of promotions in its marketing and product departments. Anne-Marie Dacyshyn, the current senior vice president of marketing, will become Burton's first chief marketing officer. She will report to John Lacy, the company's president, and will now oversee the marketing creative department, along with brand, digital, ...
-
Article
Wolverine reports mixed results
Wolverine Worldwide reported overall declines in revenues of 7.1 percent to $751.2 million for the fourth quarter and 2.5 percent to $2.69 billion for the full financial year ended Jan. 2. On an underlying basis - before currency conversions, retail store closures and the phase-out of Patagonia footwear - the ...
-
Article
Deckers restructures after poor results
Besides Wolverine Worldwide, which will announce its financial results later this month, another big American multi-brand conglomerate, Deckers Brands, is changing its brand management structure, too. It is creating two new business units: the Fashion Lifestyle Group with Ugg and the recently acquired Koolaburra brand, and the Performance Lifestyle group ...
-
Article
VF disappoints investors
The usually buoyant Outdoor & Action Sports coalition of VF Corp. suffered a 3 percent drop to $2.1 billion in its sales during the fourth quarter ended Jan. 2, largely due to the warm weather conditions that also hurt Wolverine Worldwide, Deckers Brands and other companies with the exception of ...
-
Article
Robust quarter for Columbia despite warm weather
Columbia Sportswear's sales in Europe, the Middle East and Africa (EMEA) declined by 15 percent to $58.2 million in the three months to the end of last year. Sales contracted by 6 percent in constant currencies, due to a fall of more than 30 percent in sales to distributors. The ...
-
Article
Fenix Outdoor thrives
Fenix Outdoor International's profit improved slightly despite vastly increased sales last year, as the strong performance of the group's brands and its Swedish retail business was mitigated by the charges affecting its retail division after the acquisition of Globetrotter, the German outdoor retailer.Martin Nordin, chief executive of the formally Swiss ...
-
Article
Peak Performance sales decline on wholesale cuts
Peak Performance saw its sales decline by 4.1 percent to 562 million Danish kroner (€76.3m-$84.6m) for the six months until the end of last year, due to a clean-up in distribution that reduced its wholesale turnover, as well as weaker demand in Norway and Finland. The sales decline amounted to ...
